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double top

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Double Top
A term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop.



Notes:
The double top looks like the letter M. The twice touched high is considered a resistance level.

See also: Double Bottom
Double top
A term used in technical analysis to refer to the rise of a stock's price, a drop, and then a rise back to the same level as the original rise.
double top
In technical analysis, a chart formation indicating stock price resistance level and characterized by a stock price reaching a single high price on two different occasions. The price level represented by the double top becomes a resistance level through which the stock will later have difficulty breaking below. Compare double bottom.
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double top


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? Mentioned in ? References in periodicals archive
 
The recent double top in December hogs at the $66 price level technically looks very negative for hog producers.
Market outlook by Utterback, Bob / Farm Journal
Gold prices, which often lead other commodity prices, first peaked in January 2004 and hit a double top in April.
From jobs to inflation: between a rock and a hard place by Whitten, Darrel / Japan Inc.
This acquisition will nearly double top line revenues with little immediate dilution to our shareholders.
Clearly Canadian Acquires Eastern Canada's Leading Organic Snack ... by Business Wire
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